Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-26
JOHN w. GARRETT AND JOHNS
HOPKINS.
Of Two Of the Remark.
able Men Of this Country.

are ueaa' out the good they did lives after them,
"hiie The Dad seems to have been inferred with
tneir ooneS John w. Garrett, a sturdy, deter
mneo, relentless man, with arbitrariness written
IN every nne OF his face and with self confidence
tnas never stepped backward In any course
en1erea upon, brought the Baltimore and Ohio
Iallroao from the verge Of bankruptcy to q condi-
ZION ol financial solidity, and extended its lines
uh'n ~ became tremendous system. His bust
ness sense was inherited. His father was one OF
I9e moneyed men Of the city. He received q good
Gu sOqca.lon ana graduated at Lafayette college,
II fennsyivanla He entered bushes In Baltimore,
ana IN 1888 was elected president on the issue OF
nus 0ppOsltlon to political interference with the
rSads management. He took hold Of the ONCE with
Ge OF an autOcrat and he held 1t to his
asasn HIS word was law; his will was the rail-
EaaS policy. During the war, in the face OF the
land he gave his road to the use OF the union; he
transported hundreds OF thousands Of federal
soivad s ne repaired burned bridges and he re-
G9n ene warmest praise for the assistance he had
John v. CARROTS faith in the Baltimore and
lnnerlted much Baltimore and Ohio stock con-
es9e enaS II was unwise to have so much in
Would S nave sSee sn 50 he sold 10, out ton cold
S4hh ". Garrett, when next they met, 'to have
soa CUT everything else you own than to part with
any balIimore and Ohio stock"
la, daIretts salary as president was $4,000. The
9laecIors o1ered repeatedly to increase it. but he
escn a0e he had numerous offers as high as
$oUVOo year TO go to other roads. but he never
hesltated to refuse them. One reason. probably,
wa. because his salary was mere bagatelle to
mn. ne Knew all the ins and outs of Baltimore
investments, and he made money rapidly all the
Time: IL Is rather curious that never a share OF
Baltimore and Ohio stock was sold that he did not
Know VINO sold it, and If the fellow should happen
~ H9 Tying 70 work the market his punishment
would be swift, for pretty soon John W. would
run JUL oown the prices scare Mr. Spectator and,
ai1er goDDnng up all the stock at reduced rates,
nahe neat little profit by the transaction.
,-nt al auIocrats John w. Garrett exacted the
Tribute due his station. To see him 20 in the
sesnS the e129 an no ONO building was IKE wit
tendants salaamed profusely, employees removed
t hats and everything was hushed and atten-
tOrlal man. A story that is related almost daily
In Baltlnore Is this: A laborer went to Mr.. Gar
letI, anu complained that his wages were not
enU1sn 70 support his family, eventn the scantiet
VIVA" t1ah get don't even pay for our bread and
swell, what OF THAR" asked the president IA
man OF your station doesn't need butter"
buI MI. Garrett mad many friends. He was
1ree ever 10 charity, and by his will revenue Of
fund for this revenue is the 10000 shares of Bati
more and Ohio stock frequently referred to in the
dispatches about the deal
Try BOY was keeping store for his uncle In Anne
Arundel county, about forty miles from Baltimore.
money out Of the store than his uncle had ever
done: When he was twenty -four his uncle asked
Nun ne would like to go into business for him.
enough. His uncle offered to start him The re-
suit was that the young man took a warehouse
near mat OF the uncle and succeeded so well that
His fortune grew rapidly. He never misapplled so
much as a cent Every penny was precious in his
eyes Money-making became his mania; wealth
his one desire. On certain occasion, after much
talk, he persuaded a man to let him have tifty-
cent article for forty cents.
"Why Is 1t" asked friend, "that a man Of your
that to his fOrtune?"
"The pleasure Of possession, sir; the pleasure of
possession" was his reply.
HIS business foresight was almost an Inspiration.
He never lost money In an investment. He saw
h Inc future OF inc Baltimore and Ohio road. He
bought largely OF its stock. This brought him in
close relationship with John W. Garrett. The two
became firm friends They were the money powers
1t was more than to anything else due to John
W. Garrett that Johns Hopkins used his millions
Tor the establishment OF a university and hospital
not all, respects greater In amount and results
than any other munifcence in the history OF this
country. TO the university he gave II, 500 shares
road and his large estate at Clifton, just outside
the city limits, an endowment worth over
$4,000 600. TO the hospital he gave thirteen acres
and bonds and property worth $4,000 more
The hospital on which 81 OOO, 900 has already been
expended, win be the largest and finest building of
Its kind in the world.
1t was the Intention OF Johns Hopkins to locate
The university at Clifton, his country seat but
after his death majority OF trustees backed by
an act OF the legislature, acquired possession OF a
the university buildings. Against this John W.
Garrett who was trustee, fought increasingly,
Mr.. Garrett died. His son Robert sue
ceeded him in the presidency Of the
Baltimore and Ohio road. He expected to
Johns Hopkins board ignored him. The young
man was not discouraged. He entered into rail-
road affairs aggressively, and the bad things pre-
olcted Old not happen to him. Last fall after
TWO years OF silence, the trustees held q meeting
and elected Robert Garrett unanimously to nj
the vacancy caused by his fathers death. And
the artful Robert has managed things so cleverly
that In less than three months Is able to twist
all those stubborn trustees around his finger and
use the 1880 shares or stock in the biggest rail-